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20121201
20121231
Search Results 0 to 2 of about 3 (some duplicates have been removed)
were there. australia, russia, italy, france. england, germany. all over the world. following this story. all the major networks were there. you know, cnn was there, of course. and so this is an international event. and so the churches have a particular role when something like this happens. that is to help people make some kind of sense of it. when it first happened, everyone, including me was in a state of complete shock. i heard, i'm the same as anyone else, a sense of sickening sense of how could this possibly happen. and you try to wrap your mind around it. and comprehend that you can't, it's just impossible. even the ways that we typically try to understand events like this through psychology and they say the man was disturbed and things like that. he certainly was. but in a war, you can understand the cultural and political tensions like this, for a natural disaster this goes way beyond that. even a very sick mentally ill individual, could never just because of that, commit a crime so horrendous. so you're thrown back, on religious concepts, that's the only way to under
doesn't have enough bonds to make a difference is about .5%. portugal at 7 and italy at 4.5. the point is that whether or not you or s&p or anybody else downgrades the united states is there a danger that it becomes substantially more expensive for the u.s. to borrow money any time in the future? >>. >> a lot of the borrowing costs have been masked by the purchases by the federal reserve bank, they purchase about 75% of what the treasury has issued over the past year. the bigger challenge for a lot of institutional investors with regard to the credit quality of the u.s. is entitlement reform. the unfunded liabilities are in the area of $100 trillion. depending on what type of interest rate or discount rate you use for the future liabilities. >> that's something that we have some time to address. more important than the immediate deficit reduction for a lot of institutional investors, including ourselves. >> i'm going to take it over to jim for a second. jim your firm manages money for individual and institutional investors. what have they been doing ahead of the fiscal cliff. >> good l
Search Results 0 to 2 of about 3 (some duplicates have been removed)